So have no fear, the stock market consolidation is here. What's going on guys? It's Ricky And yes, just another week. This is actually mind-boggling to me and you guys can let me know down. in the comment section.

for the past two weeks past two trading weeks, the market has not made any progress and this is very surprising to me because of what was reported even last week right with the CPI data report. So if you are being fed up with the market, trust me. You Are Not Alone Market Just is very choppy right now and if you're trading with a low amount of capital you have, you probably have even more of a right to be very frustrated because of how much consolidation there has been with the market. I Tried to make the most out of today made 11 432.90 as of right now and on Sqq right now I do have an open position as literally the market just continues to consolidate.

I'm probably going to end up having to lock in profits here as we get closer to the moving average, but just wanted to keep you guys up to date and show you guys the open trades that I have if you guys don't follow me on. Instagram I've been posting everything not just about the the Europe trip that I'm currently taking, but also you know when I close out and open some of my positions right? If you want to see this actually happen in real time, you guys know that I work with one team and one team only. that's my Lpp team. They get to watch me trade live every day.

I'm not trading live every day while I'm in Europe First off, the internet here is pretty shitty. Second, um I have just been traveling so due to the time change, I'm not going live every single day. But nonetheless I Do plan to go live, especially next week I'm going to be in Italy and if you guys want to follow along with this again, make sure you guys follow me on. Instagram Make sure you guys subscribe to the YouTube channel and make sure if you haven't already if you're part of the Lp.

If you're not part of the Lpp team just yet, that's going to be that second link in the description down below. But one of the things that I want to talk about is what a lot of news outlets are saying right now. and it's about the economic slowdown. We can see that initial claims and continuing claims both came in higher than expected.

So what exactly does this mean? 240k? When the expectation was 242k? It's not far off. This just means that more people are filing for unemployment than originally was expected. This could also be a sign of a labor market slowdown, which means a potential higher unemployment rate, which again, is not necessarily bad news as that's what the Federal Reserve wants. But it's in fear of a potential recession where the market can take it in a very negative way.

There's no reason to over complicate what it is that's going on right now because literally not anything is going on. If you guys see Sim support right around 313 314 for QQQ which is the NASDAQ ETF and same exact resistance. So two weeks into this, you might be asking Ricky why is it that you're trading her How is it that you did the 11k I Mean the market has literally done the same thing and again I Kid you not, This just comes with time. The market has literally done the same thing almost every single day for the past two weeks.

And what I mean by that is Anytime that it opens up in the green or opens up in the red, it does the opposite within the same day. Yesterday opened up in the red ends up recovering right away. Right right when the Market opens, Boom pops up. And yes, it does pull on back.

Or yes, it does correct itself. And this is why the idea of locking in profits should never be something that you hesitate to do. especially if you are trading in conditions that have been like the the past two weeks, right? Market ended up opening in the red and then Boom quickly recovers. it sells off, and then it quickly recovers.

There's just so much consolidation. Locking in profits has to be number one priority and I do apologize. But if you are under the PDT rule or you're trading with a lower amount of capital, it's probably been even more frustrating with for you than it has for people that are not under the PDT Rule And this is just a reminder right? More than anything is I Just want to make sure that you don't end up having to waste a trade that you don't actually need to take. So stay patient, Stay calculated, stay selective.

Just know that you're not missing out on huge plays, right? NASDAQ isn't necessarily doing anything and when it does break above or if it does break below, those are the plays that you don't want to miss. And that's what I'm very excited to follow up with. So again, two weeks super shitty markets. It's not you, it's the markets.

Let's blame it on that. But wanted to provide you guys with a quick little update. so really, do appreciate you guys time. Hope that we're in a thumbs up again.

If you want to join our LPB team and also get entered to that actual GTR giveaway, that's going to be the second link in the description down below to one time payment lifetime access and it's the biggest discount. If not, again, feel free to send me a direct message via Discord or via Instagram. We gotta connect and that's that first or third link in the description down below. Appreciate your time.

Like always, let's make sure that we're in the year on a green note. Take it easy team.